The Venture Capital Investment Process ― Principles and Practice

"The completion of a successful venture capital transaction requires the deal to progress through a multi-stage process. Guiding this progression is no easy task for venture capitalists, as they face a number of challenges related to their external and internal environments. In the external environment, venture capitalists must interact with the entrepreneurs and assume a myriad of roles - coach, educator, partner, negotiator, etc. In the internal environment, venture capitalists must ensure that deals pass the scrutiny of colleagues in the fund and go through three communication channels. The book provides one of the most comprehensive overviews of the inner mechanics of processing venture capital deals from the fund manager's perspective. The venture capital process is captured in an 8-stage investment model"--Provided by publisher.

Darek Klonowski is a professor of Business Administration at Brandon University, Canada. He has worked in the venture capital industry for over fifteen years. Dr. Klonowski also advised multiple clients on asset allocation strategies in the context of private equity and venture capital. He has participated in numerous industry conferences as guest speaker. He has written extensively on entrepreneurship and venture capital. His research appeared, among others, in Journal of Private Equity, Venture Capital: An International Journal of Entrepreneurial Finance, Journal of Applied Corporate Finance. His latest books include 'Private equity in Poland: Winning leadership in emerging markets' (2011) and 'Private equity in emerging markets: The new frontiers of international finance' (2012).